German Stocks Rise as Ifo Data Outweighs Volkswagen Fall
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German stocks advanced for a second day as a better-than-expected report on business confidence in Europe’s largest economy outweighed a slide in Volkswagen AG.
QSC AG jumped 10 percent after JPMorgan Chase & Co. recommended buying the technology-outsourcing company’s shares. Volkswagen fell the most in a year after offering 6.7 billion euros ($9.2 billion) for the rest of truckmaker Scania AB.